Press Room

Walsin Lihwa Announces 2012 First 3 Quarters Financial Results

Walsin Lihwa Corporation announces its stand alone as well as consolidated financial statements of 2012 first 3 quarters on 31st October. The company’s net operating revenue from January through September this year is approx. NT$53.34 billion. The consolidated net operating revenue reached NT$114.79 billion. The operating gross profit reached NT$3.17 billion and the consolidated one reached NT$3.76 billion. The income from operations is NT$ 1.95 billion, and consolidated loss from operations is NT$140 million. Net loss after tax reached NT$ 3.64 billion, loss per share at NT$ 1.03.

The revenue in the first three quarters this year is less than satisfactory because of the lower demand for LED and stainless steel products in Mainland China.  Non-operating losses primarily resulted from reinvestment disposal, impairment of assets, equity method investment, and futures trading. 

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.